Insider Selling: Lithium Americas (Argentina) (TSE:LAR) Insider Sells C$327,426.89 in Stock

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Daniel Cherniak sold 30,977 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of C$10.57, for a total transaction of C$327,426.89. Following the completion of the transaction, the insider directly owned 24,754 shares of the company’s stock, valued at approximately C$261,649.78. This trade represents a 55.58% decrease in their position.

Lithium Americas (Argentina) Price Performance

Shares of TSE:LAR opened at C$9.45 on Tuesday. The company’s 50-day moving average price is C$9.13 and its two-hundred day moving average price is C$6.77. Lithium Americas has a one year low of C$2.36 and a one year high of C$12.03. The stock has a market capitalization of C$1.53 billion, a PE ratio of -18.90 and a beta of 1.71.

Analysts Set New Price Targets

LAR has been the subject of a number of analyst reports. Scotiabank upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. TD Securities raised Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, February 9th. Finally, HSBC upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. Four investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

About Lithium Americas (Argentina)

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.